SogoTrade review
Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026
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Our verdict
SogoTrade is a US broker for experienced traders who want share dealing without commission, plus options, crypto and margin in one account. Its catch is the entry cost: a minimum deposit of $500 and an options contract fee of $0.50 for anyone trading contracts.
Key facts
- Best for
- Experienced US traders who want share dealing without commission plus options, crypto and margin in one account.
- Minimum deposit
- $500 (Source, checked September 26, 2026)
- Stock trade fee
- $0 (Source, checked September 26, 2026)
- Markets
- Stocks, ETFs, Options, Crypto, Bonds, Funds (Source, checked September 26, 2026)
- Regulators
- FINRA, SIPC (Source, checked September 26, 2026)
- Investor protection
- SIPC up to USD 500,000 (Source, checked September 26, 2026)
- Margin rate
- 9.75% (Source, checked September 26, 2026)
- Options contract fee
- $0.50 (Source, checked September 26, 2026)
- Platforms
- SogoTrade NextGen, SogoOptions, Mobile app (Source, checked September 26, 2026)
- Legal entity
- SOGOTRADE INC (Source, checked September 26, 2026)
- Headquarters
- United States (Source, checked September 26, 2026)
- Support channels
- Email, Chat, Phone (Source, checked September 26, 2026)
- Features
- Crypto, Options, Mobile app
- Pricing model
- Commission-free
- Audience
- Experienced traders, Beginners
- Official website
- sogotrade.com
Apps and profiles
- Elsewhere
- Wikidata
Pros and cons
Pros
- Share dealing is commission-free, with the model listed as commission free.
- A single account spans stocks, etfs and options.
- Registration with FINRA and SIPC and investor protection of SIPC up to USD 500,000.
- Support runs on email, chat and phone, with platforms listed as SogoTrade NextGen, SogoOptions and mobile app.
Cons
- A minimum deposit of $500 places it at position 178 of 213 on the site.
- Options trading carries a contract fee of $0.50, so frequent contract traders pay a running cost on top of share dealing.
- Margin is priced at 9.75%, so borrowed positions cost more than cash ones.
Who it suits
- Traders comfortable with options and margin, since crypto, options and mobile app sits alongside core share dealing.
- US accounts, since the firm is based in the United States.
- People who want one login across SogoTrade NextGen, SogoOptions and mobile app.
Who should look elsewhere
- CFI if a free minimum deposit matters, because CFI asks for $0 against $500 here.
- Vantage if you want to start small, with a minimum deposit of $5.
- eToro if you trade forex and CFDs, since stocks, etfs and forex lists markets outside the SogoTrade range.
What trading costs
Stock trades cost $0, and opening the account needs a minimum deposit of $500. Options carry a contract fee of $0.50, and margin positions are priced at 9.75%. Holding shares therefore stays cheap, while the running cost only appears once options contracts or borrowed money come into play, which is why active traders should weigh $0.50 and 9.75% against each other before choosing an account.
Who runs it
The broker is operated by SOGOTRADE INC, based in the United States, and appears on the SIPC register as SIPC member 35930. Support runs on email, chat and phone. Because protection attaches to the legal entity rather than the brand, readers who weigh the safety of their money should check the entity on the register and the protection terms that go with it before funding an account.
How SogoTrade compares
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Where SogoTrade is available
- Available
- United States
- Licence in United States
- FINRA, checked September 26, 2026
- Licence in United States
- SIPC (SIPC member 35930), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does SogoTrade charge to trade shares?+
Stock trades are priced at $0 under a commission free model, so share dealing carries no commission. You still need a minimum deposit of $500 before orders can be placed. Charges beyond that sit on options, at $0.50 per contract, and on margin, at 9.75%.
How much is the minimum deposit?+
Opening the account takes a minimum deposit of $500, which is far from a casual entry and places SogoTrade at position 178 of 213 on the site. Traders wanting a lighter start can compare $0 at CFI and $5 at Vantage.
Is my money protected?+
Investor protection is stated as SIPC up to USD 500,000, and the US registration covers FINRA and SIPC. The firm is listed on the SIPC register as SIPC member 35930, and the entity behind the brand is SOGOTRADE INC. Protection attaches to that legal entity, so it is the one to check before depositing.
Which markets can I trade on SogoTrade?+
The account covers stocks, etfs and options, and the highlighted features are crypto, options and mobile app. Shares, ETFs, bonds and funds sit alongside options and crypto, so a single account handles both plain investing and more speculative trades. Forex and CFDs sit outside that list, which points elsewhere.
What does margin cost?+
Margin is priced at 9.75%, so borrowing is the cost that stays with a position instead of a per trade commission. Traders paying $0 on shares should treat that rate as the number to plan around, since the interest accrues while the position is open rather than at the point of trading.
What do options cost here?+
An options contract costs $0.50, and options appear in both the stocks, etfs and options list and the SogoTrade NextGen, SogoOptions and mobile app platform set, with a dedicated SogoOptions platform. For a commission-free share account this is the clearest running cost, so frequent contract traders should size their volume around it.
Which platforms and apps can I use?+
Trading runs on SogoTrade NextGen, SogoOptions and mobile app, so a desktop platform, a dedicated options platform and a mobile app all sit under a single account. A mobile app also appears among the highlighted features, crypto, options and mobile app, and questions are handled through email, chat and phone by phone, chat and email.
Who is SogoTrade aimed at?+
SogoTrade lists experienced and beginners as its audience and is based in the United States, so the account is aimed at US traders. Options, crypto and margin from stocks, etfs and options reward familiarity, and questions go to a team reachable on email, chat and phone. The $500 minimum deposit keeps casual starters away.
Sources
- sipc.org/list-of-members checked September 26, 2026
Backs: Legal entity, Licences
“reportingFileNumber=35930; name=SOGOTRADE INC”
- sogotrade.com checked September 26, 2026
Backs: Audience, Platforms, Features
“Designed with active self-directed investors in mind”
- sogotrade.com/commissions.aspx checked September 26, 2026
Backs: Margin rate, Markets, Options contract fee, Stock trade fee, Pricing model
“$0 - $9,999 BASE + 2.50% 9.75%”
- sogotrade.com/contact-us.aspx checked September 26, 2026
Backs: Headquarters, Investor protection, Regulators, Support channels
“1 McBride and Son Center Dr. Suite 288 Chesterfield, MO 63005”
- sogotrade.com/products/products.aspx checked September 26, 2026
Backs: Minimum deposit
“meets the $500 account equity minimum and places one online equity trade”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Account fee, Inactivity fee, Retail accounts that lose money.
SogoTrade
Experienced US traders who want share dealing without commission plus options, crypto and margin in one account.